Experienced gamblers like bonuses, but they hate wagering requirements. The players know what they mean, that is why gamblers use them quite rarely. So, let me clarify what exactly the wagering requirement is, what reference it has to the bonuses, and why players recommend avoiding them.
Wagering requirements & bonuses
When you launch a gambling site for the first time, you can see the striking images offering you cash prizes and free spins. This is definitely attractive but remember that it’s not all gold that glitters.
The welcome offers have requirements. The wagering requirements are the number of spins a player makes with the given ‘welcome reward’ before he actually requests for payout. In other words, these wagering terms imply that you have to deposit, make several spins (x30, for example) and only then you can withdraw the money. If you won some, of course.
The number of spinning times (or hands) varies from casino to casino. It depends on their own requirements. So, remember to read the bonus T&Cs before claiming for the offer.
Why do experienced players recommend avoiding bonuses?
As you can understand now, the terms require you to deposit, get the extra money and play these rewarded money through. The last process goes on very slowly especially when the money sum is big. So, you have to make a lot of unnecessary spins. You don’t need them just because you’ll have little profit from the free prize in the end.
Let’s suppose you deposited $50, your offer claims you get 100% deposit and have to wager 30 times. Totally you have $100 to play. But you can’t make ten spins of $0.25 bet and make a withdrawal. You have to meet the requirements, so you spin 30 times. During these rounds you can go low beyond the rewarded $50 and touch already your own budget. As a result, you spend your money and don’t actually win.
At the present days there have appeared a lot of payment systems. They all are secure and fast. Ecopayz is one of them. Basically, it is an international e-wallet which processes money online quickly and safely. It has become popular among online casinos. By 2020, almost every Internet casino allows you to deposit or withdraw through ecopayz. NZ players are glad with the service too. They choose ecopayz for the following reasons:
- Ecopayz accepts NZD currency.
- The system is worldwide.
- No need to enter your bank card info.
- On the other hand, ecopayz can be connected with cards and send money to your bank and backwards.
- Protects your private info and adds a security layer to transactions.
- Fast as lightning for deposit and withdrawal.
Ecopayz is definitely an advantageous method of payment. To make a transaction to or from an online casino, you only have to know which gambling sites accept ecopayz. Let me list the most popular and safest of them available for New Zealand players. You should remember one thing: clarify if the online casino accepts ecopayz for both-way transactions.
- Casumo
- Spin Casino
- Lucky Days
- Night Rush
- Dunder
- 888 Casino
- Casino-X
- Genesis Casino
- Royal Panda
- Yako Casino
The most popular methods to process money to and from online casinos are e-wallets, bank transfer or cards. However, there are other special payment options that help to process money faster between casino sites and banks. For this purpose, Entropay was created. In fact, Entropay cards are mostly like prepaid cards. The Entropay prepaid card provider is VISA only. Basically, you need to register an Entropay account and connect it with your VISA card. This method is much easier when it comes to deposits.
Entropay is accepted by nearly all casinos online. In fact, all you need to have is a VISA card. The role of Entropay is ,first, to make your transactions safe and, second, to keep all your other savings separate from the gambling purposes. In other words, if something bad happens with your casino account or you somehow lose the transferred money, all the rest money will be with you in your VISA card. Regarding the online casinos that include Entropay and, therefore, VISA as a banking option, you can read the following list. These are the most reliable and visited online casinos: JackpotCity, Spin Casino, Lucky Days, Casimba, Casumo, Royal Vegas, Ruby Fortune, LeoVegas, PlayZee, Vegas Hero, PlayAmo, DreamVegas, Betway.
Cashout is the much-awaited process in the whole gambling activity. This is what gamblers come for to the casino websites. Unlike the land-based casino payouts, online ones take longer time to actually appear in your hands. The whole process of withdrawing undergoes three stages: request, approval and processing. Let’s take a closer look at each one of them.
Requesting step
Congratulations if you’ve won money, but this is not yet the end of this story. First of all, make sure you’ve won enough. I’m serious. Online casinos have a certain limit of the payout sum. For example, $2000.
After you’ve confirmed that your sum meets this requirement, proceed to the banking page of your account. Select the withdrawal function and banking method you wish to have money on.
Another hitch at this time, sometimes online casinos set a rule that you only can withdraw by the same payment system as you deposited with. If it was a visa card, select the same card for payout. On the other hand, some casinos don’t include one and the same option for deposits and withdrawals. So, check these terms before you deposit to avoid being ‘surprised’ and upset.
As soon as you are satisfied with your choice of method, click the withdraw button and wait until the next stage ends up.
Approval
Your request must be approved by the security and payment departments of the casino. If you’re withdrawing for the first time, get ready for the long verification process. They are probably going to need some docs and other proofs of your identity. Reply them for their request as soon as possible unless you want to wait for ages.
When the casino confirms that this is really you, who is trying to take cash out, they approve your request. Then they just send the request to the payment option you’ve chosen.
Payment processing stage
This stage can take a long or short time depending on the option you selected. For faster payout I recommend choosing an e-wallet. They are usually processing money within one day. Alternatively, if your method is a debit card, for example, it may take from 1 to 3 days. In most bank transfer cases the transaction takes even more, 3 to 5 days. So, be careful at the requesting step.
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